DEMSA update: SDRP progress / ‘Dear Chair’ letter / Insolvency Stats / CCA reform / ‘Red Heat’ warning / Events

General update

The Tory leadership race is dominating the news along with the ‘Red Heat’ warning for the start of next week.

Richard Fuller replaced John Glen as Economic Secretary at HM Treasury on 8 July 2022 and the SDRP team at HM Treasury has advised that this may impact progress on the SDRP consultation where the new minister and the new PM may want to review the draft regulations. HM Treasury continues to encourage firms to contribute to the consultation. Ben Stuart has recommended that any responses be directed to SDRPresponse@hmtreasury.gov.uk.

Link: https://www.gov.uk/government/people/richard-fuller    

MoneyHelper – talking to your creditors

Following on from the FCA release around speaking to your creditors or a debt adviser, MaPS has published a webpage with a number of links for consumers.  

Link: https://www.moneyhelper.org.uk/en/money-troubles/way-forward/talking-to-your-creditor  

Ofgem names energy firms who must improve...

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